Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist said. Future increases will depend on the economic data but this is still not the right time to stop, according to Philip Lane who believes the bank has to bring inflation back to the 2% target “in a timely manner.”
Leaving Interest Rate at Current Level Would Be ‘Inappropriate’ Despite Falling Inflation, Lane Says
Inflation in the euro area has dropped significantly between October, when it peaked at 10.6%, and March’s 6.9%. Nevertheless, the most important goal for its central bank is to make sure that it gets closer to 2%, Chief Economist of the ECB Philip Lane told Le Monde in a recent interview published by the bank on Tuesday.
While easing in some sectors, such as energy, inflationary pressures persist in others, like food, the top official noted, warning there’s a risk of “sticky” inflation. This is why it’s important that
We współpracy z: https://news.bitcoin.com/not-the-right-time-to-stop-rate-hikes-ecb-chief-economist-says/
